FinTech Australia elects new board in line with gender, State targets

FinTech Australia members have elected a new board, in line with constitutional changes to ensure gender diversity and representation from a broad number of States are key ongoing planks of the organisation’s governance.

On 1 June, the industry association’s members voted in six board positions, out of the nine person board, for a 12-month term. The candidates were elected from nine nominees, of which four were women.

The six successful board members were (in alphabetical order via surname):

David Ball – CEO and co-founder of HyperBank (Queensland representative)

In addition, two existing directors will be continuing – Jack Quigley (WA representative and founder/CEO of CrowdfundUP), and Stuart Stoyan (Victorian representative and founder/CEO of MoneyPlace).

Simon Cant, who is the founder and managing director of the Reinventure Group, will also be continuing as director and was elected unopposed to continue as Chair.

Mr Cant said he was delighted to see the new board elected.

“We have undergone some important constitutional changes, to promote representation from States right across Australia and also to guarantee that at least 30 per cent of board members are women,” he said.

“We are very happy we have reached this gender diversity target with our new board and that nearly half of the nominees were women.”

“The gender diversity change in particular represents a leadership action by FinTech Australia to help drive improved female representation across our industry, following the finding last year that just 13 per cent of senior fintech positions were held by women.

“It is also exciting to now see board representation from every mainland Australian State, which reflects that we have strong and growing fintech hubs across all our capital cities – not just in Sydney and Melbourne.

Mr Cant also thanked the three retiring directors for their outstanding service – Alex Scandurra (CEO of Stone & Chalk), Charlotte Petris (Founder/CEO of Timelio) and Nicholas Motteram (Founder/MD of On-Market BookBuilds).

“These three directors have provided invaluable expertise, thought leadership and support for FinTech Australia in its formative first year – the Australian fintech community has been fortunate to have such high calibre leaders championing its collective interests,” he said.

Mr Cant said the board would have a vital role to help grow the Australian fintech industry, as this industry increasingly becomes the first choice of many Australians when it comes to financial services.

“I look forward to the input of the new board members when it comes to setting our strategic priorities for the year and years ahead,” he said.

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About FinTech Australia

FinTech Australia is a national association for the Australian FinTech Startup community. Our vision is to make Australia the leading market for FinTech Innovation and Investment by working with both sides of Government, Industry and the Australian FinTech community to create a supportive environment and partner ecosystem in Australia and abroad.